AMC Networks, the cable networks company that operates AMC, IFC, WE tv, BBC America and SundanceTV, on Tuesday reported lower second-quarter earnings and said U.S.
advertising revenue fell 14.6 percent, less than previously feared, in the first quarter that was fully affected by the novel coronavirus pandemic.
The stock rose before the market open. The company said "the decrease in advertising revenues was primarily related to the impact of the COVID-19 pandemic, which resulted in lower demand, as well as the timing of the airing of original programming." The second quarter included such originals as one episode of The Walking Dead, three episodes of Better Caul Saul,two episodes of NOS4A2 and several episodes of Dispatches From Elsewhere..